<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
CONSOLIDATED BALANCE SHEET AT MARCH 31, 1997 AND THE CONSOLIDATED STATEMENT OF
OPERATIONS FOR THE THREE MONTHS ENDED MARCH 31, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FIRST QUARTER FILING ON FORM 10-Q FOR THE QUARTER
ENDED MARCH 31, 1997.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-START>                             JAN-01-1997
<PERIOD-END>                               MAR-31-1997
<CASH>                                           1,128
<SECURITIES>                                         0
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<ALLOWANCES>                                         0
<INVENTORY>                                          0
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<DEPRECIATION>                                  58,121
<TOTAL-ASSETS>                                 749,215
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<BONDS>                                        264,731
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<TOTAL-LIABILITY-AND-EQUITY>                   749,215
<SALES>                                         25,393
<TOTAL-REVENUES>                                26,257
<CGS>                                                0
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<OTHER-EXPENSES>                                     0
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<INTEREST-EXPENSE>                               3,317
<INCOME-PRETAX>                                  7,771
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                              7,771
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<NET-INCOME>                                     7,771
<EPS-PRIMARY>                                      .33
<EPS-DILUTED>                                      .33